Hyatt Commercial Facilitates Sale Of Office Space In Pasadena, MD For $1.2M
4326 Mountain Road
$1,200,000
$131/SF
Building Size
9,159 SF
Asset Type
Office
Closing
Oct 9, 2023
AI
A 9,159 square-foot office space located at 4326 Mountain Road in Pasadena, MD has been sold for $1.2 million. The property will be converted into a church facility for the House of Mercy Church of God. This transaction was facilitated by Hyatt Commercial's brokers George Shenas, Judith Neighoff, and Justin Mullen. The successful sale demonstrates Hyatt Commercial's commitment to innovative property repurposing and high-quality service.
Summary of transaction details
- Property Type: Office
- Sale Price: $1,200,000
- Square Footage: 9,159
- Price per Square Foot: $131
- Address: 4326 Mountain Road, Pasadena, MD
- Market: Pasadena, MD
Hyatt Commercial's brokers, including George Shenas, Judith Neighoff, and Justin Mullen, played a key role in the successful sale of this office space. Their expertise and dedication to providing high-quality service allowed for the seamless conversion of the property into a church facility for the House of Mercy Church of God.
Players
Mountain Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93